Legacy OEMs retreat from pure-EV commitments
Key Questions
What hybrid range is expected in the 2028 Volvo XC60 facelift?
The 2028 Volvo XC60 facelift is spied with a plug-in hybrid offering up to 124 miles of electric range. This reflects Volvo's continued investment in PHEV technology.
Why is Subaru reducing its EV commitments?
Subaru reported a 90% profit collapse and is exiting pure EV development in favor of hybrids. This aligns with broader legacy OEM retreats from aggressive EV targets amid soft demand.
How are other legacy OEMs adjusting EV strategies?
Stellantis is emphasizing ICE Jeep models, while VW and Honda have taken impairments on EV assets. Toyota is doubling down on PHEVs to navigate tariffs and market conditions.
Volvo XC60 124mi PHEV facelift; Subaru 90% profit collapse/EV exit; Stellantis ICE Jeep; VW/Honda impairments; Toyota PHEV strategy amid tariffs/soft demand.
Sources (2)
Updated May 23, 2026